Skipton International has reported a strong set of half-year results, with unaudited profits of £18m before tax – a 57% increase on 2021's half-year profits of £11.4m.
The bank has assets in excess of £2.18m. During the first six months of the year, Skipton International’s gross mortgage lending increased to £208m, compared with £176m for the same period in 2021 – up 18%.
The bank recorded no mortgage arrears cases of three months or more.
Jim Coupe, Skipton’s Managing Director, said: “The majority of our mortgage growth was the result of a buoyant property market across the UK and Channel Islands, and this shows little sign of abating.
"Our managed product offerings and the hard work of the Skipton team have ensured we were able to manage the level of business received and continue to offer high service levels.
“In addition to announcing these figures, and given the significant rise in the cost of living, I am delighted to announce that a one-off payment of £1,500 is being made to all colleagues at Skipton International in September.”
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Pictured l-r: Director of Business Development Nigel Pascoe, Director of Credit Simon White, Director of Operations Josie Paint, MD Jim Coupe and Director of Finance, Risk and IT Jonathan Dell